Large banks rein in credit supply
2011-05-13 14:35:51
China's state-owned banks have tightened credit supply as higher reserve requirement ratios and other credit controls rein in excess liquidity, China Business News reported on Thursday.
Huaneng revives plan for share sale
2011-05-13 13:26:45
Huaneng Renewables Corp plans to revive a Hong Kong initial share sale after cutting the size of the offering by about 20 percent to $1 billion, said two people with knowledge of the matter.
Stocks slump on earnings concern
2011-05-13 13:21:43
Stocks on the Chinese mainland fell on Thursday, dragging the benchmark index to a three-month low. That's after a slump in commodities raised concern producers' earnings will decline.
Goldman sets yuan fund with Beijing gov't
2011-05-13 10:17:00
Beijing municipal government will invest in Goldman Sachs Group Inc's yuan-denominated private equity fund.
Reserve requirement ratios raised to record high by PBOC
2011-05-13 09:13:46
China has raised the reserve requirement ratios (RRR) for banks for the fifth time this year to restrain price rises.
HK to boost RMB-denominated shares trading
2011-05-12 13:28:14
Hong Kong Exchanges and Clearing (HKEx), the local bourse operator, said on Wednesday that it plans to introduce a special facility in the second half of this year to encourage trading in renminbi-denominated shares in the secondary market.
Sugar may aid Coke
2011-05-12 13:13:52
Sugar output may exceed demand for a second year after farmers boosted planting as futures surged, pushing prices lower, said Standard Chartered Bank. That may lower costs for drinks makers such as Coca-Cola Co.
HSBC targets to cut cost $2.5-3.5b
2011-05-12 13:04:17
HSBC announced its strategy execution plan on Wednesday stating that the bank has launched a program to target $2.5 billion to 3.5 billion of cost saves to reach cost efficiency ratio target of 48 percent to 52 percent by 2013.
Ex-Gome exec to sell stake
2011-05-12 11:07:19
Gome Electrical Appliances Holdings Ltd, China's biggest electronics retailer, said it will take "appropriate steps" after its former chairman told a newspaper he intends to sell all of his shares in the company.
Citibank ups the ante in Nanjing
2011-05-12 10:44:59
Citibank is continuing its expansion in China and expects fierce competition to heat up among foreign banks, who are eyeing a slice of the wealth and consumption in the Chinese economy.
Inflation data chills markets
2011-05-12 10:38:07
The retreat came after data showed that inflation exceeded government targets last month, signaling higher interest rates that may slow the world's second-biggest economy.
RMB development in HK not to pose risks to mainland
2011-05-12 09:47:06
Renminbi business development in Hong Kong, with relatively limited renminbi deposits, will not pose risks to financial stability on the mainland, said K. C. Chan, secretary for financial services and the treasury of the city government on Wednesday.
